All posts tagged Softbank

Sprint investors have had a pretty good run here in the past month and year. Now that the Softbank deal is in the mix, should they hang around to see what happens next? Heard on the Street’s Miriam Gottfrield stopped by the Markets Hub to discuss it.

For more MarketBeat and other streaming markets coverage from The Wall Street Journal, point your mobile browser to wsj.com/marketspulse.

The Dow industrials are trading below where they were when Ben Bernanke announced the Fed’s latest bond-buying program.

In this week’s edition of the MarketBeat Week podcast, host Stephen Grocer, Paul Vigna and Deal Journal’s David Benoit discuss whether the Dow can still reach its all-time high and what J.P. Morgan’s and Wells Fargo’s earnings say about the housing market and next week’s slate of bank earnings.

Oh, and we also touched on Softbank’s talks with Sprint and the impact a deal could have on consolidation in the telecom industry.

For more MarketBeat and other streaming markets coverage from The Wall Street Journal, point your mobile browser to wsj.com/marketspulse.

It’s not just Sprint shares that are sharply higher amid reports that Japanese peer Softbank might buy a controlling stake, or even all, of the US company. Its debt is rocking too, with Sprint bonds due March 2032 up 11 cents and November 2021 jumping 12.25 cents, according to MarketAxess data. “Softbank would benefit from the extensive infrastructure investments” Sprint has made the last several years, says Egan Jones. Shares are up 18% at $5.96.

Yahoo has moved to the top of the S&P gainers list at mid-session, boosted by prospects that its bizarre spat with Alibaba, the Chinese e-commerce giant, might soon find resolution.

In dispute is Alibaba’s decision to remove its online payment unit, Alipay, from the company and place it under Alibaba CEO Jack Ma’s control. This move, according to the Journal, occurred “apparently without the go-ahead from principal shareholders Yahoo and Softbank Corp.”

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